Brexit Deal ‘Urgent’ as U.K. Funds Manage More EU Money

U.K. investment firms are doing more cross-Channel business than in 2015, according to new industry report

By

Mark Cobley

September 13, 2018 3:13 p.m. GMT

Investors from continental Europe account for a bigger chunk of London fund managers’ business than before the Brexit referendum, according to new figures that “underline the urgent need” for a good cross-Channel deal on financial services.

U.K. asset managers looked after £1.8 trillion of funds for continental European investors at the end of 2017, according to the latest data from the Investment Association, highlighting concerns and raising fears about a bad Brexit deal for the City.